Donaldson (NYSE:DCI) Director James Owens Sells 13,753 Shares

Key Points

• Director James Owens sold 13,753 shares on April 14 at an average price of $89.21 for $1,226,905.13, and also sold 5,921 shares on April 13 and 126 shares on April 10.
• The transactions reduced Owens' stake by 37.87% to 22,565 shares (about $2.01M) and were disclosed in an SEC Form 4 filing.
• Donaldson traded at $89.24 (up 0.4%) with a market cap of roughly $10.34B; the company recently missed quarterly EPS estimates, pays a $0.30 quarterly dividend (1.3% yield), and carries a consensus analyst rating of "Moderate Buy" with a $100.20 target.

Donaldson Company, Inc. (NYSE:DCI - Get Free Report) Director James Owens sold 13,753 shares of the firm's stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $89.21, for a total transaction of $1,226,905.13. Following the sale, the director directly owned 22,565 shares in the company, valued at approximately $2,013,023.65. The trade was a 37.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

James Owens also recently made the following trade(s):

• On Monday, April 13th, James Owens sold 5,921 shares of Donaldson stock. The stock was sold at an average price of $89.02, for a total transaction of $527,087.42.
• On Friday, April 10th, James Owens sold 126 shares of Donaldson stock. The stock was sold at an average price of $88.82, for a total transaction of $11,191.32.

Donaldson Stock Up 0.4%

DCI stock traded up $0.32 during midday trading on Tuesday, reaching $89.24. 417,928 shares of the company were exchanged, compared to its average volume of 728,093. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.46 and a current ratio of 2.29. Donaldson Company, Inc. has a 1-year low of $61.17 and a 1-year high of $112.84. The stock's 50-day simple moving average is $94.45 and its 200 day simple moving average is $91.26. The company has a market cap of $10.34 billion, a price-to-earnings ratio of 27.89, a price-to-earnings-growth ratio of 2.23 and a beta of 1.05.

Donaldson (NYSE:DCI - Get Free Report) last released its quarterly earnings data on Wednesday, February 25th. The industrial products company reported $0.83 earnings per share for the quarter, missing analysts' consensus estimates of $0.90 by ($0.07). Donaldson had a return on equity of 29.85% and a net margin of 10.09%.The company had revenue of $896.30 million for the quarter, compared to analyst estimates of $898.64 million. During the same period in the previous year, the business posted $0.83 EPS. The firm's revenue for the quarter was up 3.0% compared to the same quarter last year. On average, equities analysts forecast that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 12th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $1.20 dividend on an annualized basis and a yield of 1.3%. Donaldson's dividend payout ratio (DPR) is presently 37.50%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Wall Street Zen cut shares of Donaldson from a "buy" rating to a "hold" rating in a report on Saturday, March 7th. Weiss Ratings reissued a "buy (b)" rating on shares of Donaldson in a report on Friday, January 9th. Robert W. Baird reduced their price target on shares of Donaldson from $104.00 to $95.00 and set an "outperform" rating for the company in a research report on Monday, March 30th. Morgan Stanley reduced their price target on shares of Donaldson from $93.00 to $91.00 and set an "equal weight" rating for the company in a research report on Monday, March 9th. Finally, Jefferies Financial Group upped their price target on shares of Donaldson to $123.00 and gave the company a "buy" rating in a research report on Monday, February 2nd. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $100.20.

Institutional Trading of Donaldson

Several institutional investors and hedge funds have recently bought and sold shares of DCI. Royal Bank of Canada raised its position in Donaldson by 38.2% in the 1st quarter. Royal Bank of Canada now owns 102,128 shares of the industrial products company's stock valued at $6,848,000 after purchasing an additional 28,207 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in Donaldson by 16.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 3,479 shares of the industrial products company's stock valued at $233,000 after purchasing an additional 494 shares during the last quarter. Millennium Management LLC increased its stake in Donaldson by 428.6% in the 1st quarter. Millennium Management LLC now owns 223,976 shares of the industrial products company's stock valued at $15,020,000 after buying an additional 181,602 shares during the period. Goldman Sachs Group Inc. raised its position in Donaldson by 29.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 279,525 shares of the industrial products company's stock worth $18,745,000 after buying an additional 62,864 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Donaldson by 84.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,032 shares of the industrial products company's stock worth $141,000 after buying an additional 933 shares during the last quarter. Hedge funds and other institutional investors own 82.81% of the company's stock.

About Donaldson

Donaldson Company, Inc NYSE: DCI is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson's product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.

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